Selby Associates: Expert Business Brokers

As a business owner, you have a lot of responsibility. Without a business adviser, the process of deciding to exit or sell or stay on as an employee or continue to grow your business through an acquisition can feel overwhelming. What are the best possible decisions for yourself, your business, your employees and your customers? While you are considering your next move, do you really know all of the details and options? It is important to keep consult with a business adviser like Selby Associates who can help you navigate all of the possibilities and complexities and provides numerous important advisory services.

Exit Planning: Selby Associates can assist to identify the right time to leave your business so you may make a more profitable sale. The right time to get out is not dependent on the state of the economy or even your industry. It is, instead, highly dependent on your personal objectives and the state of your individual business. Many owners benefit from considering the reasons they went into business in the first place, whether their personal goals have been satisfied, whether they remain excited about running the business, and by looking at whether sales have been flat or declining in recent months. Selby Associates helps business owners answer these questions and make a decision about whether or not to sell your business.

Valuation: Before you sell your business, it is important to understand the approximate value of your business and any ways that you can effectively increase the value. Selby Associates will discuss your business, your goals for selling your business and request that changes be made if necessary, to make your business more profitable before listing it for sale. Selby Associates is an experienced and objective industry professional that will help you effectively market and attract qualified buyers for your business.

Good Financial Records: Another way to attract and qualified buyers is to keep good financial books. Once a qualified buyer has made an offer for your business that is acceptable to you, the buyer is going to conduct due diligence. During the due diligence period, the buyer will take a close look at all of your financial books. If the books are honest, complete, and easy to understand, then the buyer is likely to be more confident in the purchase of your business. Selby Associates, together with your accountant, will review and analyze your financial records including income statements, balance sheets, tax returns, inventory, assets, payroll, and real estate so that everything is accurate and well prepared for the buyer's due diligence review.

Any decision you make regarding your business whether it is a sale or merger is a big decision and can be a life changing event. With Selby Associates expertise and professional guidance, business owners, buyers, and sellers, all benefit from our advisory services. Selby Associates has years of success working with business owners, accountants, and lawyers on business sales, valuations, and acquisitions.

Contact Selby Associates today

For further information or to schedule a meeting, contact us at (856) 424-3373 or via the form below.

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For a list of articles by Selby Associates including: Benefits To Selling Your Business, What Every Seller Must Know, and Maintaining Confidentiality

Business broker term of the day:

Confidentiality Agreement

Contract that obligates the buyer and seller to confidentiality concerning the sale of a business. This prevents potential buyers from talking about the sale of your business or releasing any private information they learn during the transaction. Sellers prefer confidentiality so employees and customers don't get nervous about the sale and information isn't leaked to competitors.

Business broker FAQ:How Can I Determine the Tax Implications of Selling my Business?

Tax implications will primarily be determined by the structure of your business and the terms of the sale. For example, corporations are taxed differently than sole proprietorships and installment payments are taxed differently than lump sum payments. Your business adviser will work with your accountant and lawyer to help structure your contract so that tax implications are minimized and you keep as much of your money as possible.